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<br /> � ` t. payrtterrta. Borrower agrees w make all paymer�ts on the sewred debt vfien due. Untess Bottower and LenQer agree othernfse, any -�� �
<br /> `z�; paymet�ts Lender reoeives irom Bortower or fo►Borrowers 6e�efit will be ayplied fust to atry amou�BoROwet owes on Me se�.tured debt : .
<br /> . .. � exdusive nf mte[est or principal,second to U�teres4 and then to principat.It partlal prepayment of the secured debt occurs tor any reason,it will :_�';. �s:
<br /> • nct reduce ar excuse any sdtedided paVmertt weal the seciued debt ts pafd in tu0. ,
<br /> ` • 2.psTma Aga6�st 7fUv.Bortower wiU pay atl taxes,assessmer�,and other cherBea emibum6ie to theproparty when due and will detsnd titte , , .
<br /> ` to tfie propartY against anY da3ms which woutd Bnpair tAe Gen af thts deed of trust.Lender may require Borrower to assign anY rights.ctafms or � �: �
<br /> ' ` defenses whieri Bortower may Aave agaLzst partles wfio sapply la6or or materials m improve or mairrtain the DrotfertY. . •
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<br /> , 3.tnstuenea.8orrower wili keep the property ir�sured under terms acceptabte to Lender at Borcovrer's eupense and tor Lendefs benefd.Atl , � ;r .
<br /> � � ' irtsuranee poticies shaU tnciude a standard mortgage ctause in favor ot lender.Lender w�716e named as foss payee or as the insured on arry sucM �• .. �
<br /> ` � insurance Oolicy.Any ins�aance proceeds may beappiied,within Lendera d'+saetlon,w either the restoration or repa3r of tfie damaged property • �,{.:. .. `
<br /> � °" � ar w the sedued de6t If Lender requUes moRgage insivance,Botrowar agrees to maintain such insurance for as tong as LenQe�requUes. • •
<br /> ' ""•� 4.Piroperty.Borrower w8i keap the praperty in good condition and make aii repairs reasanabiy neeessary. � _ _ • _
<br /> - 6.£�penses.Bortower a�ees to pay aA lendefs oxpansas.inctwlinfl►easonabte aitomeys'tees.if Borrower breaks any covenants in this deed -- _- —_-
<br /> � , r ot trust ar in any obllgatton sacurad by this dsed of uust.Borrower wdt pay these amou�to Lender aa provided in Covena�tt 9 of this deed of � . .
<br /> . bust. . • - ,
<br /> 6.Prtcr$scurity tnteresta.Unless Borrower fitst obtains Lender's written consent, Borrower wilt not make or permit any changes to arry prior • ., �
<br /> � securiry irrcerests.6orcower wIil pedarrt aU of Bortower's ohfigattons unQer any prfor mortgage,deed of uust ar other securiry agreeme�rt, . , �
<br /> . . indudin8 Botrowere covenaMS tn make paymeMS when due. .
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<br /> 7,Asstgnmaat ot Rerta and Profita.Borrower assigns to lender the rertts and profits of the property,Untess Borrower and Lender have agreed
<br /> othernise in writing, Borrower may coilect and ratain the rertts as tong as Borroww is not in defauii.if Borrower defauita,lsnder.Lende�s '� � c�:.`�
<br /> agent,or a court appoirrted receiver may take possession end manage the property and coliect the rents.Any rents Lender coltects sha►t be � .�_.s,_.
<br /> � . . appGed t'irst to the costs of managin�the property, includin�eourt costs and attameys'fees, commtssions to remai agarts, and any other .:�":F�,,,..,,,
<br /> ' necessary related expenses.The remam'mg amoum of rents wiil then apply to paYmems on the secured deDt as provided in Covenant 1. ,
<br /> ,� 8,teasehatds;Cw�daminimna:Pranned Unft DevelopmeMS.Bortowerag rees to wmpty witfi the pmvisions ot any(ease if this deed of trust is on ��z_��-
<br /> �.•� a teasehotd.if th�.s dead of oust Is on a unit in a condominium or a planned unit devetopmertt, Borrower wiil perform all of Bonower's duties � •��:'�' `
<br /> . �,_ � umler the cOVanacrts,b}Naws,or regulations of the candominium or planned unit devetopmecn. _
<br /> f 9.Autharity ot Lenda�m Per[acm ta Borrower.it Borrower fels to perform any of Bortower's duties under this deed of trust,Lender may _, _.
<br />- � � perfortn the duties or cause tham to be parformed.Lender may sign Bortower's name or pay am►amourtt if necessary for perfortnance.ff any -_
<br /> • oonstrucdon on theproperty is discorrtinued or aot carried on in a reasona6le manner,Lender may do whatever is necessary to protect Lenders •- �,�_
<br /> seauity iaterest in the proyerty.Thls may inc(ude completing the constructiort. , •• ,i;_�v=�
<br /> � - =�� tendefs taiture m pertorm w11 nat preclude Lender irom exarcising any of tte ather rights�mder the taw or this deed ot mist. -_ _ �=�-=
<br /> � Any emourtts paid by Lender to protect Lender's secutity iMerest wili be secured by this deed of trust.Such amourrts will he due on demaed , � � '� }c�
<br /> ' . . and wiU bear irtterest from the date of the paymeM urnil aaid in tull at the interest rate In eftect an tfie secured debt � ',�;__
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<br /> 70.Defau(t and Acceteratlon.If Bonower faits to make any payment when due or breake any covenants unde�tfiis deed of trust or any = �.r-:'s:::;k.:`
<br /> "'i�r� �:.
<br /> o66gation seaued by this deed of tiust ar arry prlor mortgage or deed of trust,Lender may acceterate the maturity of the secured debt and _ .t" a :• _ .r�
<br /> - � • demand immedate paymeat and may invoke ihe power of sate and any other�emedies permitted by appiicable Iaw. ,�-:'S;�`%•_',�;;�
<br /> � 11.Request far fltatica ot Defeatt.It is hereby requested that copies of the notices of default and sale 6e sertt to each parson who is a party "„ � '�
<br /> • hereto,at the ad6ress of eacti such parson,as set tortA herein. • s�=`
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<br /> � 72.Powea af Sata.ff the lender invokes the power of sate,the Trustee shall firs[record in the otfice of the reglster of deeds of each courttlr
<br /> � wherein the Uust property or some paR or parcei thereof is situated a�oUca of defauft containing 2he h�formatioo re ired by law.Tha Trustee � ""4� .
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<br /> � shalf atso maii copies of the notice of defautt to the Borrower,to each person who ia e party hereto,and to other pecsons as prescribed by
<br /> ' � applicable law.Not tess than one month aftar the Ttustee rewrds the notice ot detauft,or two morths if the vust proyerty is not in any
<br /> � incorporated aty or viitage and is used in farming operations cenied on by the trustor,the Trustee shall give pubfic natice of sate W the peraons _.;n�r:;
<br /> • ' � and lo the manner presc�ibed by eppp:tceble law.Trustee,without demand on Bartower,shali seil the property at pu6fic auction to the higfiest •-:;�r��;,
<br /> • • b(dder.If requireA by the Farm Homestead Protection Act,Trustee ahall offer the property in two eepazate safes as requited by applicabio law. . �
<br /> � Trustee may postpone sate of all or srry parcal of the property by puEflc announcemecrc at the time and piace of anyr praviously scheduled sate. �:,;ri,,�a_„
<br /> � Lender or its Qesignea may pu►chase the property at any sale. ' ..
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<br /> :--� �--�-�- � Upan receipi ot paym ent of the price bid,Trusiee ahall deUver to the purchaser Trusteo's Qeed comreying ffie properry.The reciUats corrtainad in " •� --`�
<br /> ', -ti Trustee's deed shali ba prlma facie evidience of the truU►of the statements eomained therein.Trustee shatl appty the proceeds of the sale in tfie � �"�:R"
<br /> fotiowing order: (a) to ali expenses of the sale, including, but not limited to, reasonabis Trustee's fees, reasana6te attorne�/s fees snd �'"�� ��
<br /> - • - �- relnstatement fees;(b)to sii sums secured by this deed of uuat,and ic)the balanca,it any,to tha parsosu legariy anliUad to raceive i� -,` . ,-1�`}'��"`
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<br /> 79.Foreelos�ua.At Lendera opUon,thia deed of trust may be toreCtoseO in the manner pro�ida by applicabie Iaw tor toteclosure ot moRgages ' .; ..�'�
<br /> . . on real property. '��,
<br /> • 74,Insyeedon.lender may enter the properiy to inspect ft if Lender gives Borcower notice baforehand.The notice must state the reasonabto .° . � � -
<br /> • . , Ceuse Tar Lender's inspeetion. :����._
<br /> " 15.CondemnaUon.Bocrower assigns to Lender the�roceeds of any award or claim tor Qameges connected with a conAemnation or other taking �. ; �
<br /> ' of all or any paR of ffia propeny.Sucb proceeds wi I 6B apptied as provlQed in Covenarrt 1.This assignment is subJect to tt�e terms of any prior • ��:
<br /> � . security agreemen� ' • . ����
<br /> � ' 18.Waive►.By exereising any remeQy avaita6le to Lender,Lender does not give up any rigMs to later use anY ather remedy.By not exercising 'i�:.
<br /> •• any remedy upon BorroweYs defauft,Lender does not watve any Nght to later consider the evertt a detautt if!t happens again. ; • . ,.
<br /> 17.Jolrn end Severef Uehiliri: Co�slgnera: Suceassore and Assigna Bound.All dutiea under this deed of trust are joint and severat. Arty �� � �
<br /> Bortower who co-signs this deed ot trust but does not eo-sign the underiving debt InsVUmentla) does so only to grant and convey tBat .
<br /> � ' Borrower's intereat in the property to the Truatee under the terms of this deod ot trust.In aQdition,such a Borrower agrees that t�o LenQer and �
<br /> any other Borrower under thia deed of trust may extend,modi�or make any other changea in the terms of this deed of ttust or the sec�ueQ � . �
<br /> � � debt without that BorrowePs wnsent and wkthout releasing that onower trom th�e terms of this deed of trust. • . :.
<br /> r � The duties and benetlts of this deed of trust shail bind and beneflt the suecessors and assigns of Lende�and Borrower. . `
<br /> � � 18.Notiee.Untess otherwise required by taw,eny notice ta Borrower shall be gtven by deiivering it or by mai�ing ft by certitled mail adQressed to ' �
<br /> � Bortow�at the property address ot any otfier add►ess that Borrower has gtven to Lender.Bouower wfll give any notice to LenOer by certified .
<br /> ' : mail to Lender's addresa on page 7 of this deed of trust,or to any other addresa whicfi Lender has designated.Any other notice•to Lendor shatl �� _ ,
<br /> be serrt to Lender's address as stated on page 1 of this deed of uust. ,
<br /> • Any notice sha116e deemed to have been glven to Borrowe►or Lendor when given i�the manner stated above. . . .
<br /> •� • 79,Teanator of tho Proporty or o Bonoflelal tntorast in tho Baaower.If ail or eny part of the Oroperttl or any intarest in it is sotd or transfeaed ' ...
<br /> �, wrt.*.out Lender's prior written consent, Lendar may demand immediate payment of the secsr.ed debi. LenQer may atso demand immediate
<br /> ,. payment N the Borrower ls not a natural person and a benetitial interest in the Borrowat is sol0 or Vansterred. However, Lender may not .
<br /> demand payment in the above situations i!it is prohibited by faderai law as of the date o}thia doed of uust.
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<br /> . • � 20.Reoonvopm�ee.When the obiigation secured by this deed of trust has been paid,and Lender has no funher obflgation to make advanees � �
<br /> � . ! under the insVUmerrt9 or agreeme�te secured ty this deed of trust,the Trustee shall,upon written request bY the Lendet,reconvey the mut .
<br /> i obGgetrion so satisfieds6o�rrowe�r shailtpay eny ecordationecosts.er's succeasor in interest,the trust deed and the note or other evidence o!Lhe .
<br /> ' 21. Suceoasor Trusto9. Lender, at Lender's option, may remove Trustee and appoin4 a successor uustee by flrst, mailing a copy ot the . • �
<br /> � � substitution of trustee as roquired by apptieabie law,end then,by tiling the substitution o1 trustee tor racord in tho offlce ot the reg�ster of deeds • '
<br /> . of each county in which the vust properiy,or some part thereot,Is situated.The successor uustee,without conveyanee of the property,ahail �
<br /> . , � succaed to all the power,duties,auMority and titte of the Trustoe named in the deed ot truat and of any successor trustee.
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<br />`t_�.� ' . lPaHe?ol 21 � • .
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